DWS Aviation

Even as airlines around the world are going towards cost-cutting measures, New Delhi-based no-frills carrier IndiGo Airlines is looking at more destinations to expand its network.

GoAir has announced a special offer, christened ‘Buy 5 Get 1 Free’, which will enable customers to get a free ticket against the base fare on booking 5 tickets.  Go Air, part of the Wadia Group, is a low-fare carrier currently operating across 11 destinations.

With financial concerns about the Indian airline industry at an all-time high following the Jet Airways layoff fiasco, airline companies in India are now being asked by banks to pledge aircraft as collateral before getting loans approved. And that's not all, the companies may also be forced to pledge their future ticket sales and company shares too.